Raw Sugar upto an aggregate of five lakh metric tonnes of total imports of such goods- The rate of duty specified in column (4) shall apply to such quantity of imports for which an importer holds a Tariff Rate Quota Allocation Certificate or license, as the case may be, issued by Directorate General of Foreign Trade in accordance with the procedure, as may be specified by Directorate General of Foreign Trade by a Notification or Public Notice as the case maybe.
Import of 5 Lakh MT of raw sugar under Exim Code 170114 of Chapter 17 of ITC (HS), 2017–Schedule–I (Import Policy) is allowed duty free under TRQ.
Rate of exchange of conversion of South African Rand WEF 06.04.2017 notified by CBEC vide Notification No. 32/2017 – Customs (N.T.) Dated 05 April, 2017
Ministry of Corporate Affairs is administering the Internship Scheme to provide a platform for post-graduate students who are pursuing courses in Commerce, Law, Economics and Management streams to develop awareness about formulation and implementation of corporate policies of the Union Government.
It has been observed that Direct Port Delivery (DPD) facility has reduced the time and cost for importers considerably. Therefore, it has been decided to consider Direct Port Delivery (DPD) permission to all such importers who are manufacturers, registered IPR holders provided their bulk of import is in FCL (Full container Load) and is being facilitated by RMS i.e. no examination, no assessment.
CBDT notified that Section 269ST not applies to cash receipt from banking company, post office savings bank or co-operative bank.
CBDT has extended time to furnish permanent account number or Form No. 60 by bank account holders who have not furnished the same at the time of account opening or subsequently to on or 30th day of June, 2017.
Rule 19AB. Form of report for claiming deduction under section 80JJAA. Report of an accountant which is required to be furnished by the assessee along with the return of income under clause (c) of sub-section (2) of section 80JJAA shall be in Form No. 10DA.
It has been observed, of late, that some of the dealers esp. a majority of those who have been granted Registration Certificate provisionally i.e. whose credentials are yet to be fully established, are found engaged in downloading of higher amount of Statutory Forms by showing inter-state transactions.
a. Limit for FPIs in Central Government securities shall be enhanced to INR 184,901 cr. b. Limit for Long Term FPIs (Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in Central Government securities shall be revised to INR 46,099 cr.
